Asian Economic News

New Zealand Inflation Expectations Remain Stable In Q3

Inflation expectations among New Zealanders remained unchanged in the September quarter, the latest survey by the Reserve Bank of New Zealand showed Tuesday.

The median two-year ahead inflation expectations was unchanged at 2.5 percent. The median one-year expectations was also steady at 2 percent.

Meanwhile, mean expectations of the two-year series decreased by a larger amount, falling from 2.41 percent last quarter to 2.32 percent now.

The latest official CPI figure from Statistics New Zealand for the year to June 2012 was 1 percent.

by RTTNews Staff Writer

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